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Energy Efficiency and Sustainable Business Growth Based on CSR and ESG Standards in the Post-COVID Era

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "A: Sustainable Energy".

Deadline for manuscript submissions: closed (30 November 2023) | Viewed by 5793

Special Issue Editors


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Guest Editor
1. Department of Accounting and Finance, School of Economics, University of Western Macedonia, 50100 Koila-Kozani, Greece
2. Department of Business Administration, Neapolis University Pafos, 8042 Pafos, Cyprus
Interests: CSR; ESG; agile management; sustainable finance; eco-efficiency; sustainable development; green accounting
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Department of Business Administration and Tourism, School of Management and Economic Sciences, Hellenic Mediterranean University, Heraklion, Crete, Greece
Interests: sustainable development; renewable energy; ESG; environmental regulations; financial performance
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Power Plants Synthesis Laboratory, Department of Mechanical Engineering, Hellenic Mediterranean University, Estavromenos, 71410 Heraklion, Greece
Interests: renewable energy sources; hybrid power plants; cogeneration of electricity and heat; energy saving–rational use of energy; energy upgrade of buildings and infrastructure; energy policy
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Nowadays, humanity is facing an unprecedented, multi-layered crisis. The combination of the COVID-19 pandemic and the looming economic impact is leading to a recession ahead for society and the business world, which are now navigating uncharted waters. Businesses are required to operate within volatile contexts and intensify their efforts to ensure their sustainability. More than ever, stakeholders demand that they act responsibly and transparently. Increasingly – regardless of size – businesses recognize the growing importance of their reputation and its risks while accepting the importance and benefits of implementing responsible business practices. The pandemic and its

consequences have resulted in a widening of the social gap. They have made inequalities between different social groups more noticeable than ever, as the most vulnerable have been significantly affected and continue to be. Issues such as the transparency of corporate activities and transactions, complete information, marking, traceability, assurance, the quality and the safety of the products, the respect of consumer rights, and the responsible management of the supply chain all are at the heart of the business effort to improve for sustainability.

Corporate Social Responsibility (CSR) can be characterized as the essential expressionof the social responsibility of businesses. The work environment is one area that needs social responsibility and in which companies can implement Corporate Social Responsibility programs. In addition, CSR policies can be practiced in areas such as the environment and its sustainable management, people, and education. Applying social responsibility practices creates a two-way relationship with benefits for all participants. Such a network of social action includes shareholders, suppliers, employees, and the broader society in which we operate.

ESG (Environmental, Social, and Governance) data refers to metrics related to intangible assets within the business. Studies show that intangible assets constitute an increasing percentage of the business’s future value. While there are many ways tothink about intangible asset metrics, these three key factors together form a "label" adopted throughout the financial industry. They are used for thousands of purposes, to measure elements related to the sustainability and social impact of a business. These are the criteria for companies' environmental and social performance, as well as corporate governance performance, and help them to disclose necessary and valuable information for decision-making by investors and banks. Businesses that incorporate such criteria into their sustainable development strategy demonstrate greater transparency and become more "attractive" to investors. They moreeasily receive financing from banks as they present their sustainability in this way.

However, one of the most controversial questions in CSR and ESG research involves the effect a firm's CSR and the adoption of ESG criteria have on its performance. Thus, this special issue will provide insight on adopting CSR initiatives by the businesses, Environment, Social and Governance (ESG) criteria, and sustainable business performance.

Considering the above, this Special Issue seeks unpublished, high-quality empirical or theoretical research papers that focus on but are not limited to the following topics:

  • CSR and Sustainable Performance of Businesses
  • ESG and Sustainable Performance of Businesses
  • Future perspectives on the development of energy technologies
  • Role of eco-innovation in the facilitation of Sustainable Business Performance
  • Role of eco-innovation in the facilitation of CSR goals
  • Green Finance: Environmental policy and Sustainable Business Performance
  • Environmental policy and sustainable business growth
  • Environmental Tax and sustainable business growth
  • Sustainable Development Goals and Sustainable Performance of Businesses
  • Energy efficiency improvements and sustainable business growth
  • Investment in Green technology and Sustainable Business Performance
  • Role of green finance, green investment, and green energy in the facilitation of CSR goals
  • CSR and COVID-19
  • Dynamic Corporate Governance, Innovation, and Sustainability in the Post- Covid Period
  • The importance of ESG factors for business performance during the Covid- 19 pandemic
  • Adoption of CSR activities in developed and developing
  • CSR as a Driver where ESG Performance will Ultimately Matter
  • Sustainable Business Model Innovation
  • Financial Stability in Companies with High ESG scores

Dr. Konstantina Ragazou
Dr. Alexandros Garefalakis
Dr. Dimitrios Katsaprakakis
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Published Papers (3 papers)

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Research

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12 pages, 1677 KiB  
Article
Energy Yield of Spectral Splitting Concentrated Solar Power Photovoltaic Systems
by Georgios E. Arnaoutakis and Dimitris A. Katsaprakakis
Energies 2024, 17(3), 556; https://doi.org/10.3390/en17030556 - 23 Jan 2024
Viewed by 747
Abstract
Combined concentrated solar power with photovoltaics can provide electricity and heat at the same system while maximizing the power output with reduced losses. Spectral splitting is required in such systems to separate the infrared part of the solar spectrum towards the thermal system, [...] Read more.
Combined concentrated solar power with photovoltaics can provide electricity and heat at the same system while maximizing the power output with reduced losses. Spectral splitting is required in such systems to separate the infrared part of the solar spectrum towards the thermal system, while the visible and near-infrared radiation can be converted by the photovoltaic solar cell. The performance of concentrated solar power plants comprising reflective beam splitters for combined generation of electricity and heat is presented in this work. A 50 MW power plant is considered in this work as a case of study in Southern Crete, Greece. The solar power plant consists of parabolic trough collectors and utilizes beam splitters with varying reflectivity. The dynamic performance of the power plant is modeled, and the annual energy yield can be calculated. Up to 350 MWt of thermal power can be delivered to the photovoltaic system utilizing a 50% reflecting splitter. The penalty to the high-reflectivity system is limited to 16.9% and the annual energy yield is calculated as 53.32 GWh. During summer months, a higher energy yield by up to 84.8 MWh/month is produced at 80% reflectivity compared to 90% as a result of the number of parabolic troughs. The reported energy yields with reflectivity by dynamic modeling can highlight discrete points for improvement of the performance in concentrated solar power photovoltaics. Full article
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21 pages, 3599 KiB  
Article
Corporate Social Responsibility: A Business Strategy That Promotes Energy Environmental Transition and Combats Volatility in the Post-Pandemic World
by Sofia Karagiannopoulou, Nikolaos Sariannidis, Konstantina Ragazou, Ioannis Passas and Alexandros Garefalakis
Energies 2023, 16(3), 1102; https://doi.org/10.3390/en16031102 - 19 Jan 2023
Cited by 5 | Viewed by 2423
Abstract
Corporate social responsibility can assist in reducing the noise caused by pricing volatility and a lack of energy-efficient business solutions. The study’s objective is twofold: (i) to investigate the role of corporate social responsibility (CSR) in reducing volatility through the contribution of energy-efficient [...] Read more.
Corporate social responsibility can assist in reducing the noise caused by pricing volatility and a lack of energy-efficient business solutions. The study’s objective is twofold: (i) to investigate the role of corporate social responsibility (CSR) in reducing volatility through the contribution of energy-efficient strategies; (ii) to identify research trends in the field that may indicate future research directions for the development of more dynamic strategies that will help in mitigating the impact of pricing volatility. A five-step bibliometric analysis was applied to address the research question. The findings were visualized by using bibliometric tools such as R Studio, Biblioshiny, and VOSViewer. Chinese academics have been revealed as pioneers in integrating CSR into corporate strategies to reduce volatility and support energy-efficient investments. Moreover, results indicate that financial institutions must embrace a new business model based on both CSR and environmental, social, and corporate governance (ESG) principles. Since very little is known about the interaction structure between CSR and ESG in the mitigation of price volatility, the purpose of this article is to bridge that knowledge gap. The pioneering character of this research—the construction of a business model based on the principles of CSR and ESG—contributes significantly to both the field’s knowledge and the practice of corporate sustainability management. Full article
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Review

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18 pages, 2136 KiB  
Review
Green Balanced Scorecard: A Tool of Sustainable Information Systems for an Energy Efficient Business
by Eirini Stavropoulou, Konstantinos Spinthiropoulos, Konstantina Ragazou, Christos Papademetriou and Ioannis Passas
Energies 2023, 16(18), 6432; https://doi.org/10.3390/en16186432 - 05 Sep 2023
Cited by 2 | Viewed by 1975
Abstract
A green balanced scorecard allows businesses to monitor their environmental progress and energy use, as well as quantify their achievements toward decreasing their ecological footprint. The scope of the current research is twofold: (i) to highlight the new sustainable profile of the Balanced [...] Read more.
A green balanced scorecard allows businesses to monitor their environmental progress and energy use, as well as quantify their achievements toward decreasing their ecological footprint. The scope of the current research is twofold: (i) to highlight the new sustainable profile of the Balanced Scorecard; and (ii) to investigate the contribution of the Sustainable Balanced Scorecard to the achievement of the energy efficiency and environmental goals of businesses. The present research study applies the rigorous bibliometric analysis technique and the PRISMA method for the years 2011–2023 to investigate the most popular research sources and documents, where the most frequently used keywords and research trends are utilized to answer the research question. In addition, findings from the network, content, and cluster analyses were visualized with the use of the bibliometric tools of Biblioshiny and VOSviewer. The results of the study indicate that businesses have made it a priority to build an energy-efficient management system based on the Sustainable Balanced Scorecard, which will help them achieve their organization’s environmental strategic goals. Moreover, a new era in the Sustainable Balanced Scorecard, that of the Contact Balanced Scorecard, has started emerging in the field. This article explains how the Sustainable Balanced Scorecard benefits organizations by enabling them to enhance their performance on both the economic and social fronts as well as the environmental front. Finally, by employing strategic evaluation methods like the Sustainable Balanced Scorecard to analyze organizations’ sustainability performance, the present study effort supports the sustainable growth of enterprises. Full article
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